SG Americas Securities LLC Purchases 5,002 Shares of Silicon Motion Technology Corporation $SIMO

SG Americas Securities LLC lifted its holdings in Silicon Motion Technology Corporation (NASDAQ:SIMO) by 44.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,290 shares of the semiconductor producer’s stock after acquiring an additional 5,002 shares during the quarter. SG Americas Securities LLC’s holdings in Silicon Motion Technology were worth $1,510,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SIMO. Frontier Capital Management Co. LLC grew its stake in shares of Silicon Motion Technology by 115.4% in the second quarter. Frontier Capital Management Co. LLC now owns 1,281,115 shares of the semiconductor producer’s stock worth $96,301,000 after purchasing an additional 686,261 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new position in Silicon Motion Technology during the second quarter valued at $27,941,000. Hawk Ridge Capital Management LP lifted its position in Silicon Motion Technology by 71.8% during the third quarter. Hawk Ridge Capital Management LP now owns 372,747 shares of the semiconductor producer’s stock valued at $35,340,000 after buying an additional 155,817 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in Silicon Motion Technology by 44.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 442,747 shares of the semiconductor producer’s stock valued at $41,977,000 after buying an additional 135,627 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of Silicon Motion Technology by 19.8% in the 2nd quarter. Lazard Asset Management LLC now owns 765,922 shares of the semiconductor producer’s stock worth $57,573,000 after purchasing an additional 126,566 shares during the last quarter. 78.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on SIMO shares. Roth Mkm set a $140.00 price objective on Silicon Motion Technology and gave the stock a “buy” rating in a report on Wednesday, February 4th. Needham & Company LLC boosted their price target on Silicon Motion Technology from $125.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Zacks Research upgraded Silicon Motion Technology from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Wedbush boosted their price objective on Silicon Motion Technology from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, William Blair started coverage on Silicon Motion Technology in a report on Thursday, January 22nd. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $132.50.

Silicon Motion Technology Stock Performance

NASDAQ SIMO opened at $116.59 on Tuesday. The business’s 50 day moving average price is $124.49 and its 200-day moving average price is $105.62. The company has a market cap of $3.96 billion, a P/E ratio of 32.03, a P/E/G ratio of 0.77 and a beta of 1.09. Silicon Motion Technology Corporation has a fifty-two week low of $37.21 and a fifty-two week high of $146.85.

About Silicon Motion Technology

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications.